These developments indicate that digital currencies are no longer just a domain for individual investors or startups, but have become a focal point of interest for governments and major financial institutions.
vespera
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Bullish
Organizational and Institutional Developments
United States: Major banks like JPMorgan and Bank of America are working on developing a stable "digital dollar," coinciding with the Treasury Department's decision to cease penny production by 2026.
Trump Administration: Trump Media & Technology Group is seeking to raise $3 billion to invest in digital currencies, as part of a plan to make the United States a global hub for cryptocurrency.
Britain: Nigel Farage announced a bill on "Digital Currencies and Digital Finance" aimed at transforming London into a global hub for cryptocurrency, imposing a 10% capital gains tax on digital currencies.